Don't give it to anyone.
For a more detailed discussion, Google this newsgroup for "obfuscation",
"copy protect", etc. as the issue has been hashed out dozens of times
already (complete with real-world reports of bugs cause by obfuscation).
The short answer (from me): no matter what you do to the code, if
there's anything in there worth stealing, either someone will bypass
whatever protection you implement or you spent way too much on the
protection for the value of your code. The only true security is to not
deliver the code to the customer at all (which is not as facetious a
suggestion as you might think).
Pete